I'm surprised no one mentioned Eligius.It's by far the simplest pool : no registration (and thus, no security issues, hello Deepbit !), you directly get the generated coins (no intermediate transaction). And, as an added bonus, no fee ! It also has nice individual statistics, and a very active IRC channel (#eligius on Freenode) for discussion and support. I use btcguild via PNLNS. It runs about 103% luck over past 6 weeks, so the 3% fee is null if you mine that long. Nice UI. Merged mining with NMC. So does Eligius. Eligius is my backup. I like how the new coins are original. Very cool to see them coming in on blockchain.info. It's like boinking a virgin when you spend them, haha! |
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Bitcointalk has been down for a few days. I lost track of all the Peter Schiff bitcoin talk. There was a debate with him and Erik Voorhees. It's on youtube. http://youtu.be/7mUn-d8R98kPeter knows better. I think he believes he has to make these arguments to sell gold. Well, it's working on me. I sold some bitcoins and wired him some USD for Au/Ag. He does have the best premiums around and really good customer service. Lower premiums than tulving? Actually, on a 50g Valcambi bar, Europac is better. |
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Don't buy from BFL. They must give a money back guarantee for me to buy. Buy from KNC.
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Bitcointalk has been down for a few days. I lost track of all the Peter Schiff bitcoin talk. There was a debate with him and Erik Voorhees. It's on youtube. http://youtu.be/7mUn-d8R98kPeter knows better. I think he believes he has to make these arguments to sell gold. Well, it's working on me. I sold some bitcoins and wired him some USD for Au/Ag. He does have the best premiums around and really good customer service. |
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Bitcointalk has been down for a few days. I lost track of all the Peter Schiff bitcoin talk. There was a debate with him and Erik Voorhees. It's on youtube. http://youtu.be/7mUn-d8R98k |
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If somebody spits on your back, ignore it. It only means that you're ahead. (Confucius)
You are the one spitting on the backs of your pool users. WARNING USE THIS POOL AT YOUR OWN RISK. MANY PEOPLE ARE STILL OWED COINS. Yes, retro. But my PPC are stuck there. What to do? |
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I was wondering if there is some recommended legitimate LTC Mining hardware manufactures? Im waiting on www.cryptoindustries.com to get going, but would like to purchase a rig in the mean time. Thanks. Not really. Just buy bitcoin and trade for LTC if you're in the US. Or outside, you can straight buy LTC. LTC mining is strictly GPU right now. You can buy GPU's easy. |
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I like Peter, he was economic advisor to Ron Paul during his 2008 campaign. They are both great advocates of Austrian economics and ran with the intention of educating the public about the dangers of fiat currency. I know I wouldn't have understood the importance of Bitcoin if not for these guys, Ron Paul in particular. However I do think he's wrong on this. I suppose I can't blame him, it's devastating to his business  I really want Peter to be wrong on this. But I keep thinking about it. The more I do, the more I believe he's right. Honestly, unless businesses keep bitcoin, save it, and pay wages, etc, it can't proliferate. What if everyone accepted bitcoin? That's only good if they keep it. But the major majority of businesses sell it immediately after the transaction. This is unsustainable and consistent with a pyramid like structure. If Peter knows one thing, it's bubbles. Everytime he comes out against something, he's attacked by its proponents to no avail. The difference here is that it's the libertarian community, his community, that are attacking him. He has great integrity to stand up to this. We believe in the principles of bitcoin. We want it to succeed. But until the majority or businesses save them and pay wages in them, it will continue to be a bubble. P.S. I'm behind on listening to his show. I know they've talked about bitcoin this week. I'll listen in the next couple days. Happy Thanksgiving! |
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Peter Schiff is just some technical trader, he's not any kind of academic economist or philosopher.
Arguing about "intrinsic value" and the theory of money is way above his pay grade, when it comes to arguing these points he's just "some guy".
His father seemed some what knowledgeable about economic theory: http://home.earthlink.net/~schiffeconomics/Yeah, Peter and his brother based their book off of their dad's story. |
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Thanks! Stefan sometimes guest host on Peter's show. Everyone should listen to this! Peter Schiff's repeats most all of my points, but he says a gold-backed private bank issued digital currency would be superior. Schiff misses the point that such a private bank issued digital currency isn't decentralized, and thus it is highly vulnerable to government control. Other than that, Schiff and I agree on most of his points, including the coming political threat: http://www.activistpost.com/2013/11/social-logins-for-government-services.htmlSchiff's main flaw is he thinks a backed-currency is better. If I debated him, I would demolish his logic on this point. You can see my upthread comments (I think starting on page 11) on why fractional reserves and gold-backed private bank issued notes was a failure. The intrinsic value of a decentralized currency is that it is a currency (unfortunately Bitcoin isn't). 100% pure physical gold has never been a currency and never will be-- was always either debased by shaving, impurity, or fractional reserves in order to distribute widely as a currency. Refer to my debate with MoonShadow before page 11. We already demolished the "it is a standard" argument. Schiff is correct that it is much easier for the government to track on the internet, and anonymity is very, very difficult. That doesn't mean anonymity is impossible. But for example CoinJoin or coin mixers really won't work unless the other people you are mixing with never reveal their identity accidentally any time in the distant future. It is true that all of us want a better option than fiat currency. We just don't have it yet. OMG! You see how LTC, PPC, NMC, & NVC are going up like mad! I keep watching and listening to Peter talk about it. Peter called this in the last video, but he probably doesn't really know the extent of it. He has a valid point about how he confronted the .com and housing crowds. Everyone thought he was crazy. How is this any different? There's a book called, " This time is different." It's basically about how throughout history, it's never different. For the record, I'm with Peter. The bitcoin bubble will pop. Question is, how long do we ride this wave. I say sell weekly or biweekly. Don't get caught standing when the music stops. |
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Thanks! Stefan sometimes guest host on Peter's show. |
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I'm pretty sure the site is very, very shady and illegal.
yeah, possibly a honeypot |
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Retro, I know
But do you have to have the whole blockchain downloaded to back up your wallet?
I sent coins to my computer but the wallet was out of date, it's reindexing right now. The coins aren't there yet. If I back it up, then put it on a thumb drive, will it see the new coins I sent? I'm assuming yes.
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The intrinsic value of government fiat is as a very poor grade of toilet paper, also as kindling for when the lights finally go out because government has put a cap on the price of electricity.
In the absence of government putting a gun to your head it would trade at its intrinsic value.
Bitcoin's intrinsic value: evading government coercion.
Yes, I agree. The liberty and freedom bitcoin provides is part of its value. So the fact that America is damned if they do and damned if they don't, with regard to accepting/outlawing bitcoin, says a lot about it's value. |
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Well, we know it's not legal. But a friend of mine tried it. Nothing received, therefore = SCAM. |
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A friend of mine paid, nothing received. Until anything received = SCAM ALERT
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